Assured News

John Kenel: Property Investors – You’re Bloody Legends!

Yes, you heard me. If you invest in residential property, you are awesome!

Don’t believe the trite remarks that the government is rolling out. Don’t listen to the complaining and moaning from those sitting around with their hands out, waiting to be given something for nothing.

You are a responsible Kiwi who has worked hard, saved money and invested in a home that you are kind enough to allow other people to live in. That’s right, you are providing others with housing, a place to live, a home. You are delivering a very important community service.

You are risking your savings to provide a home for others. Obviously, you need to get paid for that. You have mortgage interest to pay, insurance, rates, maintenance and of course you need a return on your investment, a profit.

Well done! Good on you for investing in residential property, for giving people a place to live and for doing something about improving your financial wellbeing in the process. Regardless of what the current government do to try and punish property investors, you will win long term. Property will grow in value, rents will rise. You will profit from property, you might just need to hold a little longer then before. All the new rules and costs do is extend the time you might need to hold property before receiving the same gain.

Stay the course. Feel good about yourself. Ignore the negativity. You are a property investor and landlord offering a valuable service, you will reap the rewards.